The former director general of the National Petroleum, Natural Gas and Biofuels Agency (ANP) and FGV Energia consultant, Magda Chambriard, said  she did not see any risk of legal or regulatory uncertainty in the oil and natural gas sector, regardless of who wins the election for the Presidency of the Republic in October. "This is... Continue Reading →

9/26/18 The National Petroleum Agency (ANP) will notify Petrobras this week to return or auction off oil fields onshore and offshore because it is not investing enough in the development of these fields. According to a source in the sector, there are more than 100 blocks, a list that includes fields onshore and shallow water... Continue Reading →

9/26/18 According to the ANP, age represents a considerable criterion for decommissioning   About 40% of the 158 offshore production platforms in Brazil are over 25 years old - a considerable criterion for decommissioning, according to the ANP. The numbers were presented by the agency's Superintendent of Operational Safety, Marcelo Mafra, during Rio Oil and... Continue Reading →

9/26/18 Petrobras' executive marketing manager Guilherme França said that the state company sees great opportunities with the implementation of new rules for bunker fuel from 2020 onwards. According to him, the Brazilian oil and the Petrobras refineries will gain with the change, which reduces the level of sulfur in the fuel. The rules have been... Continue Reading →

9/26/18 ANP prepares public consultation on application of the concept of reserve based lending in the country   The ANP is preparing a second public consultation on the application in Brazil of the concept of reserve based lending (RBL), a mechanism by which oil companies can finance their projects by giving their reserves or concession... Continue Reading →

9/26/18 Contract between the two companies will focus on the service to phase II of Peregrino   Equinor and GranEnergia will sign next week a six-month charter contract, with option of renewal for another four, for a flotel to support the development of phase II of Peregrino, in the Campos Basin. The unit will be... Continue Reading →

Rio de Janeiro, September 27, 2018 – Petróleo Brasileiro S.A. – Petrobras announces that it has reached coordinated resolutions of investigations by the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) related to the company’s internal controls, books and records, and financial statements during the period from 2003 to 2012.... Continue Reading →

Rio de Janeiro, September 26, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed a Memorandum of Understanding ("MoU") with the Norwegian company Equinor ASA – Equinor (formerly Statoil) to evaluate a joint business development in the offshore wind energy industry in Brazil. Within the scope of the strategic partnership between the... Continue Reading →

Brazil’s most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday. The increase in production next year will be helped by the launch of platforms... Continue Reading →